How long have you had this pretty boy? Whats his tank setup like? Size? temp? Etc? The red along the abdomen is just red wash and part of his coloration. And I believe the metallic scaling on his cheek is color as well, velvet wouldn't be that pronounced, it looks like a fine gold powder.
It looks like hes ready to join his newly divided tank. :)
Ill wait till his bloating goes down a bit then ill introduce him. His tank mate is a female, shes on the other side of the divider, and a ghoast shrimp.
I was just worried abut velvet althugh he is pretty matalic.